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2023 in review: The year in sales tax

TaxConnex

No year’s ever dull in sales tax, and the pace has only accelerated in the five years since the Supreme Court’s Wayfair decision. As we start the new year, here’s a look back at some significant sales tax events from 2023. This year, multiple states introduced new sales tax exemptions, too.

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The Certified Payroll Professional Corner: Overtime

ThomsonReuters

In our last edition of the Certified Payroll Professional (CPP) Corner, we talked about taxable and nontaxble fringe benefits. Payroll conference guidance on fringe benefits. Payroll Guide ¶3540 discusses fringe benefits. Payroll Guide ¶3585 discusses qualified transportation fringe benefits. Salary basis.

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The Certified Payroll Professional Corner

ThomsonReuters

The Spring 2022 Certified Payroll Professional (CPP) exam testing period ended a few weeks ago on April 16, 2022. Thoughts and tips from a payroll pro. Recently, the Checkpoint payroll editorial team had the pleasure to ask American Payroll Association (APA) Board of Directors member James Paille, CPP, some questions about the exam.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. The state currently has scheduled minimum wage increases.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Understanding sales tax regulations, occupancy taxes, and fluctuating seasonal income is essential for these businesses. Bookkeeping and Payroll Management: Outsourced bookkeeping ensures accurate financial records, allowing you to focus on core business activities. to minimize your tax burden and maximize profits.

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Tennessee Works Tax Cut

Cherry Bekaert

Single-Sales Factor (SFS) Apportionment Tennessee aligns itself with more than 30 states by adopting the SSF apportionment for franchise and excise tax purposes, to be implemented over a three-year transition period. Current law allows qualified manufacturers and financial asset management companies to elect single-sales factor apportionment.

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U.S. Job Openings Increased Again in September

CPA Practice

Treasury’s announcement to slow the pace of increases in quarterly long-term debt sales. Compared to the latest government employment report, which showed the fastest pace of payroll growth since the start of the year, Wednesday’s report showed hiring was largely flat. for a third month, the lowest since the start of 2021.

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